Dell tries to reduce costs with 'aggressive' cuts

Last May, Dell announced that it was attempting to restructure its business and that it would lose 8,800 employees to turn things around. But after citing more issues than previously anticipated, the company will need to cut more jobs to reach its goal of reducing its overhead by $3 billion (£1.5 billion) over the next three years.

Dell has found opportunities

"We have identified a very significant opportunity here and are aggressively going after it," Michael Dell told investors. "To be very clear, we are not satisfied with the current state of affairs and we are on a mission to address this."

"We're decreasing our head count. It's declined in the past two quarters and it will decline again in the first quarter. And we will go past the 8,800 target previously discussed [in order to] achieve everything that I'm outlining today."